I stubbed my big toe the other day -- I looked down to see what it was and low and behold, transaction malleability. It's everywhere!

Everyone is ragging on the poor guy but won't give him a chance to prove himself. He's been handling MTGOX for years now with no problems and now because he has a small issue everybody wants to crucify him. He looked really heartbroken at the press conference and I belive him when he says he is trying to sort it all out. I believe the bug in the system is true cause for this and that the powers that be behind the Bitcoin program are not helping any. Give Mark a break!

I don't know which one is worse. To lose 750000 coins in a few weeks? How the fuck can that happen?

Or never, ever doing any accounting at all over years?

NO FUCKING BOOKKEEPING; EVER? Everybody says their accounting is bad but hey, I disagree, they did not have any accounting at all. Or he's the grandmaster of all liars, even for Jewish businessmen that is extraordinary abuse of the truth.

Fatso needs to spend time in a Japanese jail until he coughs up the truth. Where are the cold wallets? Did you ever do any balance sheet since the company was founded, and was there an imbalance then?

I don't know which one is worse. To lose 750000 coins in a few weeks? How the fuck can that happen?

Or never, ever doing any accounting at all over years?

NO FUCKING BOOKKEEPING; EVER? Everybody says their accounting is bad but hey, I disagree, they did not have any accounting at all. Or he's the grandmaster of all liars, even for Jewish businessmen that is extraordinary abuse of the truth.

Fatso needs to spend time in a Japanese jail until he coughs up the truth. Where are the cold wallets? Did you ever do any balance sheet since the company was founded, and was there an imbalance then?

This company is like a bizarre comic strip on crack.

One has to wonder how many coins made it into his personal wallets. Transaction malleability strikes again!

Lazy web designer wants to use bitcoins without dealing with installing bitcoin on a server, installing a shopping cart interface, or using ugly merchant services with callbacks.

Solution for sending bitcoins

Use the MtGox API which allows you to use the offchain payment network.

Solution for receiving bitcoins

---Input a list of bitcoin receiving addresses to your database---Give a bitcoin address to a potential customer---Have the customer tell you when they have sent the coins and have at least 1 confirmation (you can choose a number higher than 1 if you are worried about double-spending)---Check blockexplorer to see if they sent the right amount (i.e. http://blockexplorer.com/q/getreceivedbyaddress/19hMEAaRMbEhfSkeU4GT8mgSuyR4t4M6TH/1) - the /1 is the number of confirmations you require---Give them what they paid for---After a reasonable amount of time has passed, you can re-use the address for another customer

Risks

External Service

BlockExplorer is a service that is provided by a private party. There is no guarantee that the information provided by BlockExplorer matches the blockchain.

There have not been any reports that BlockExplorer has reported transaction data incorrectly.

Double Spending

A merchant is exposed to a double-spending attack when recognizing a payment before it has been confirmed with a sufficient number of blocks.

For an attacker to be successful with this double spend tactic a significant effort is required and thus the risk of this attack being made against the typical retail merchant is pretty minimal. It would not be advisable for a merchant with little to no recourse against an attacker to accept payment without a sufficient number of confirmations however.See Also

Well, lawyers take note: good process and bad process can be found everywhere.

I like how the only entry under "risk" is blockexplorer, haha, not any one person.

1) He is lying about the date when the facts happened. It's absurd to believe that so many coins were stolen and also money and he only realized that at the same time. Of course, the withdrawal delays were caused by lack of funds. Probably, the bitcoins were stolen months ago and they tried to cover it up to keep business as usual hoping to pay with fees. The rise of the price of bitcoin was a nightmare to him, making more hard to pay the loss. At some point, he understood he was completely screwed, but probably decided to let things go on, hoping for a miracle. I bet his life hasn't been easy. He told he gained all that weight because of stress. I can believe him.2) He is lying because if he confessed he knew the bitcoins were stolen many months ago, he would be facing criminal charges. He directed a business on fractional reserve, lying to new customers on the real financial situation. Gox has been bankrupted for long, but he kept accepting new deposits. That breaks many corporate rules.3) I suspect he is hiding a million or so for the raining days to come, but I don't think this was an inside job. He just lost thousands of bitcoins because of an hack and lied to everyone on that. The lack of fiat was probably caused by the buying of bitcoins on market to keep the bitcoins withdrawals up. He knew the day he stopped bitcoins withdrawals would be the end.

Given he apparently left France in a hurry, moving to Japan practically over night after his employers accused him of computer fraud, I think there is valid reason to suspect that it's more than incompetence, and that illegal activity on his part here is likely.

That's interesting. Do you have any reference for this, even if it's just a reference to a rumour?

Indeed, during my misspent youth, I made a huge, huge mistake. Enough silliness that I found myself locked into custody and brought temporarily placed in the "mousetrap" (souricière: possibly "n.f. (pol.): 'Baited trap' laid by the forces of law-and-order."). This was followed by an investigation of more than a year, which eventually ended in a trial.

I will not give too much detail about what I did wrong, just say it concerns payment systems on the Internet. I spent two years taking risks becoming larger, perhaps because it was an exciting side … whatever, I ended up getting arrested (in rather bizarre circumstances, noting that when I was arrested, I was just in a police station to file a complaint for something else). Anyway, I was released four days later and placed under "judicial review". Basically I did not have the right to leave France and I had to go regularly to the courthouse to speak to someone who was going to see if I lived in "the right way".

...

In the end, the trial was not concluded too bad for me (3 months suspended sentence disappearing after 5 years, and nothing in the criminal record).

A Google translate for the blog post returns the same story, albeit in less smooth English.

FYI: We are planning a fun, harmless "10% Attack" on the ETH/ICO Bubble Game.

I stubbed my big toe the other day -- I looked down to see what it was and low and behold, transaction malleability. It's everywhere!

Everyone is ragging on the poor guy but won't give him a chance to prove himself. He's been handling MTGOX for years now with no problems and now because he has a small issue everybody wants to crucify him. He looked really heartbroken at the press conference and I belive him when he says he is trying to sort it all out. I believe the bug in the system is true cause for this and that the powers that be behind the Bitcoin program are not helping any. Give Mark a break!

Given he apparently left France in a hurry, moving to Japan practically over night after his employers accused him of computer fraud, I think there is valid reason to suspect that it's more than incompetence, and that illegal activity on his part here is likely.

Don't make me dig through all my posts to dig up what I said about this very same thing about two years ago. Taxing my memory, I believe I took a lot of heat due to it because at the time Mt Gox was still Bitcoin's favorite son.

Unfortunately, I'll held onto another piece of the puzzle for just as long and same reason that I wish there was somebody else I could trust to release it instead of me.

Given he apparently left France in a hurry, moving to Japan practically over night after his employers accused him of computer fraud, I think there is valid reason to suspect that it's more than incompetence, and that illegal activity on his part here is likely.

Don't make me dig through all my posts to dig up what I said about this very same thing about two years ago. Taxing my memory, I believe I took a lot of heat due to it because at the time Mt Gox was still Bitcoin's favorite son.

Unfortunately, I'll held onto another piece of the puzzle for just as long and same reason that I wish there was somebody else I could trust to release it instead of me.

You may be praised now if you can dig up the posts tried looking through, but too many pages

Why would mtgox held 100k btc of theirown on the server? That prooves how they never had cold storage or offline paper wallet.Mark is a lier and fraudster. He wont get away, some people wont let this go away.

For me this was a massive loss and I wont lie it has caused many sleepless nights. Every night I just cant stop my mind from trying to workout how I can get back to where I was.

I suppose that's a good thing in a way. Its better than going over and over what might have happened at Mt.Gox.

So many just say "just move on" "lolz you lost your coins" "I'm glad". Screw them its just not possible for for some of us to just give up our life savings without a fight.

I do however recognise its also important to not stop living and moving forward in some kind of positive way.

Way I see it every day I spent doing nothing positive over the last 2 weeks was a day everyone else got a little more ahead of me in the bitcoin game.

For me at least its time to drag myself back up and start bouncing back from almost nothing.

FU Mark/Hackers/FBI/who ever and thanks for the lesson.

It is important that you recognize your part in this; YOU chose to leave your life savings in the cloud.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.

We thought that we know Mark because he's a nerd. Not one of these pretty and easy boys but a 'good' boy like Jed and others. Mt. Gox was always guided by nerds and it was somehow always there. No matter what happened Gox has survived.

Gox had hardware 2FA and a sensible API when others were still in their infancy.

And now? Gox seems to be the lie of the decade. We have lied to ourselves. We never should have allowed a single man to entrust all coins. This was our biggest mistake.

Nevertheless: Cheer up! Be good to yourself!

If possible we will find a solution.

I will go on vacation soon. After my vacation, you can find me with others on the list. Don't give up!

Given he apparently left France in a hurry, moving to Japan practically over night after his employers accused him of computer fraud, I think there is valid reason to suspect that it's more than incompetence, and that illegal activity on his part here is likely.

Don't make me dig through all my posts to dig up what I said about this very same thing about two years ago. Taxing my memory, I believe I took a lot of heat due to it because at the time Mt Gox was still Bitcoin's favorite son.

Unfortunately, I'll held onto another piece of the puzzle for just as long and same reason that I wish there was somebody else I could trust to release it instead of me.

That is good, that is the only way the lesson is learned. Please don't get me wrong, I have coins in many places to spread risk (even cold storage has risks) and I lost some on Gox, and some on BFL before that, and some on Bitcoinica before that...it stings for sure, I do feel your pain.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.

I asked if there is anything I need to do to get a Creditor status or do I get it automatically. He said there's nothing I can or need to do, except checking the website for updates. He said they are waiting for the court to release its' decision about how to move forward from here.

I asked if he has an ETA for when that will be released, he said no.

I asked if there is anything I can or need to do at this time and he said no. He said "all I can recommend you to do is check the website from time to time as we will add updates there."